Specialist Lloyd’s insurer Novae has expanded its marine team with the hiring of two senior executives from the Mitsui Sumitomo Insurance Group (MSIG).
 
Novae appointed Richard Bridges and Ross Deering as unit head and class underwriter respectively for marine hull and war.
 
Both coming from MSIG at Lloyd’s Syndicate 3210, Bridges and Deering will be based in London, reporting to Darren Carr, head of marine at Novae.
 
“Richard and Ross are highly talented underwriters with proven track records of building profitable books of business in this class,” said John Owen, divisional head of marine, aviation and political risk.
 
“Despite a challenging industry environment, we still see opportunities for growth in niche areas of the market and their experience makes them well placed to support the continued expansion of our [marine, aviation and political risk] division,” Owen added.
 
Bridges has over 21 years of experience in underwriting marine hull for Lloyd’s syndicates and member companies of the International Underwriting Association.
 
Before serving as class underwriter for Lloyd’s Syndicate 3210, Bridges was deputy class underwriter for marine hull at Chubb Managing Agent. He also held senior roles at Württembergische UK and Eagle Star Insurance.
 
Deering has been in the industry for more than 10 years, working previously as hull underwriter for Lloyd’s Syndicate 3210. He also spent six years at QBE’s marine an energy Syndicate 1036.